James Morgan Roche Sells 26,679 Shares of The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) Stock

The Baldwin Insurance Group, Inc. (NASDAQ:BWIN) insider James Morgan Roche sold 26,679 shares of The Baldwin Insurance Group stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $40.07, for a total value of $1,069,027.53. Following the transaction, the insider now owns 42,113 shares of the company’s stock, valued at $1,687,467.91. This trade represents a 38.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

James Morgan Roche also recently made the following trade(s):

• On Thursday, June 12th, James Morgan Roche sold 10,894 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.03, for a total value of $436,086.82.
• On Wednesday, June 4th, James Morgan Roche sold 7,142 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.08, for a total value of $286,251.36.
• On Friday, May 16th, James Morgan Roche sold 3,572 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.04, for a total value of $143,022.88.
• On Thursday, May 15th, James Morgan Roche sold 14,222 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.01, for a total value of $569,022.22.
• On Tuesday, May 13th, James Morgan Roche sold 13,340 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.02, for a total value of $533,866.80.
• On Thursday, May 8th, James Morgan Roche sold 21,035 shares of The Baldwin Insurance Group stock. The shares were sold at an average price of $40.05, for a total value of $842,451.75.

The Baldwin Insurance Group Price Performance

The Baldwin Insurance Group stock opened at $39.12 on Friday. The Baldwin Insurance Group, Inc. has a 12 month low of $32.46 and a 12 month high of $55.82. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.35. The business’s 50 day simple moving average is $40.14 and its 200 day simple moving average is $40.97. The company has a market cap of $4.64 billion, a price-to-earnings ratio of -61.13, a PEG ratio of 1.17 and a beta of 1.65.

Hedge Funds Weigh In On The Baldwin Insurance Group

Institutional investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $36,000. Assetmark Inc. purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $38,000. Premier Fund Managers Ltd purchased a new position in The Baldwin Insurance Group in the fourth quarter valued at approximately $44,000. First Horizon Advisors Inc. bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $55,000. Finally, Parkside Financial Bank & Trust bought a new stake in The Baldwin Insurance Group during the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 77.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BMO Capital Markets cut their target price on The Baldwin Insurance Group from $51.00 to $50.00 and set an “outperform” rating on the stock in a research note on Friday. Wall Street Zen downgraded The Baldwin Insurance Group from a “hold” rating to a “sell” rating in a research note on Friday, June 6th. Wells Fargo & Company boosted their target price on The Baldwin Insurance Group from $33.00 to $34.00 and gave the stock an “underweight” rating in a research note on Thursday, April 10th. Jefferies Financial Group boosted their target price on The Baldwin Insurance Group from $41.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $45.00 target price (up previously from $39.00) on shares of The Baldwin Insurance Group in a research note on Tuesday, April 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, The Baldwin Insurance Group has an average rating of “Hold” and a consensus target price of $44.83.

About The Baldwin Insurance Group

The Baldwin Insurance Group, Inc operates as an independent insurance distribution firm that delivers insurance and risk management solutions in the United States. It operates through three segments: Insurance Advisory Solutions; Underwriting, Capacity & Technology Solutions; and Mainstreet Insurance Solutions.